PBOC to inject 150 billion yuan via reverse repos: traders

The People's Bank of China (PBOC) is injecting 80 billion yuan through seven-day reverse bond repurchase agreements and 70 billion yuan through 28-day reverse repos, they said.

On a net basis, the PBOC will inject a net 40 billion yuan into the market via open market operations for the day, with 110 billion yuan worth of reverse repos due to mature on Tuesday.

The PBOC drained a net 510 billion yuan from the money market last week.

($1 = 6.6175 Chinese yuan)

(Reporting by the Shanghai Newsroom; Editing by Shri Navaratnam)